Citigroup Maintains Overweight on Alibaba Gr Hldgs, Raises Price Target to $108
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Alicia Yap maintains an Overweight rating on Alibaba Group Holdings (NYSE:BABA) and raises the price target from $100 to $108.
August 16, 2024 | 3:01 pm
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Citigroup analyst Alicia Yap maintains an Overweight rating on Alibaba Group Holdings and raises the price target from $100 to $108.
The raised price target and maintained Overweight rating from a reputable analyst at Citigroup is likely to positively impact Alibaba's stock price in the short term as it signals confidence in the company's performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100